After Installing A(n)__________ in Its JIT System,Chocolate Tree (A Retail

question 64

Multiple Choice

After installing a(n) __________ in its JIT system,Chocolate Tree (a retail chocolate store) was able to reduce lead time for merchandise orders.

• A) supply chain
• B) distribution center
• C) quick change directory
• D) electronic data interchange system
• E) collaborative planning schedule

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Definitions:

Independent Events

Two or more events that have no influence on each other's occurrence, meaning the occurrence of one event does not affect the probability of the other.

Intersection

In mathematics, it refers to the set of elements common to two or more sets.

Posterior Probabilities

Probabilities that are updated or revised after taking into account new evidence or information.

Bayes' Theorem

A mathematical formula that describes how to update the probabilities of hypotheses when given evidence.